Spain | July confirmed the loss of momentum in the labor market

Summary

Social Security affiliation fell by 9,800 people, and unemployment decreased by 10,800, slightly worse than expected. Adjusted for seasonality, the number of contributors increased by 3,000, 22,000 less than in June, and the unemployed dropped by 4,000. The percentage of affiliates with temporary contracts stabilized.

Key points

• Key points:
• Social Security affiliation practically stagnated. The lack of dynamism in the labor market was widespread, especially in the services sector.
• The temporary employment rate in the General regime of Social Security stabilized.
• Unemployment decreased for the tenth consecutive month, despite a new uptick in the industry.

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